If oil moves above this line I feel we could have a further move to the up side, I will layer into this trade in the event we break tehn retest back into the current price range.
There is a possibility that wave 3 of wave 5 of Wave C in Wave 4 has been completed. We can wait for wave 4 to bottom and long again. I don't expect price to climb much further. You can check the momentum at Weekly tf. Bearish momentum is obvious at weekly tf.
Consider all of our favorite and unpredictable oil. I love this tool for its power reserve and profit.
Since July 2017, a clear trend line has formed, periodically to which the instrument returns, it is time to return. Since the beginning of April, we have seen acceleration of traffic and its stop in the region of 70. Three times CL tried to tooth 70, after the...
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
We see that the CL is in strong trend and see the breakout of balance also. And now you can buy CL at border of minicosolidation "Buy1" (69.9) with "Stop1" or wait when the price will retest the border of the balance "Buy2" (69.32) with stop under the middle level of the balance (68.12)
Well , so good this is only the logical course of the Oil cl1! price to follow according to the general factors concurrent to the present, following the upward trend created a some time ago. ///
Note:
logically this Rise up may be in the company of an increase in price volatility, - must pay attention to this factor ///
Three reasons
1 - Daily price outside upper bollinger band
2 - Resistance line
3 - Four hour chart looks bearish
This four hour chart candle is bearish to me.
I am going to wait for a pop today sometime to get a good short price hopefully.
I was wrong in my previous call for short CL. It seems to be so much stronger than I had expected. Anyway, on the weekly timeframe, CL is actually in an area where it could move freely up with at least $5 of free movement (that is 100 futures ticks). However, it is better to monitor the lower timeframe for any development that could hint an earlier reversal. I...
Sometimes, what happens when you are sleeping will affect how you trade during New York Session. Oil is all time highs since a few years ago, could take a big bear dive today.... more room on bottom then top at this time.
It needs to come down, it will not stay at this price for long, even though its showing divergence on the 1 hr, I really believe this is to over bought, my own opinion as long as we stay below the 70.30 mark, expect a drop to - 23 fib. Will probably end up going down to the first long leg of the trend, 2nd profit taking 67.53.
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
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USOIL just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Last Candle closed above Previous Week High and took out all Highs forming new one.
DAILY
Bullish Daily Candle forming after last few days exploding price action with trend continuations.
WEEKLY
Following Short/Mid and Longterm...
